Danske Bank has selected specialist data management and analytics firm AquaQ Analytics to streamline its service by introducing automation to complete complicated manual tasks.

Under the collaboration, AquaQ worked with the bank’s Belfast-based risk team to automate the processing of large quantity of daily data which were processed manually using spreadsheets.

Both the teams worked together to transfer these tasks into a scheduled workflow using advanced data analytics platform Alteryx.

The introduction of the new platform enabled the bank to complete the usual tasks in couple of minutes, which earlier used to take nearly half a day, the technology vendor claims.

AquaQ chief executive Ronan Pairceir said: “We’re delighted to be assisting Danske in their data related projects and the improvements achieved to date have been very encouraging.

“AquaQ is dedicated to fostering innovation in the data processing and data analytics sector and this collaboration if further evidence of the success we are able to achieve.”

Danske Bank data head Marion Rybnikar said: “Our partnership with AquaQ has enabled our data intelligence team to fast track automation of manually intensive tasks, allowing our team to be innovative and focus on creating value for our customers.

“Automating these complicated, repetitive tasks lets our team concentrate on complex tasks that require greater analysis and interpretation.”